Medical
oxygen concentrators have been
one of the most prominentinnovative things in permanent oxygen therapy support.
A medical oxygen concentrator is a healthcare instrument operated via
electrical means. It is utilized to offer concentrated or refined oxygen to a
patient looking for oxygen therapy.
Such an instrument
functions on the norm of forcing air into itself which then detaches oxygen and
continually supplies it to patients. Medical oxygen concentrators are deemed
harmless, simple to utilize and economicalas against compressed oxygen
cylinders. These instruments are often advised to patients suffering from chronic
pulmonary illnesses.
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Market Overview
The medical oxygen
concentrators market is steered forward by the ability of oxygen concentrators
to supply oxygen under all situations and global ‘growing older’ population.
Increased incidences of respiratory illnesses and COPD also push further
development of the market. The various benefits linked with these instruments
include usage simplicity, less weight and growing affordability. These benefits
augur really well for the medical oxygen concentrators market and further it
both in terms of size and volume.
The worldwide market
is projected to achieve a size of around USD 2 billion by 2020. Growing
population of old people with lower body resistance to respiratory illnesses
and COPD is also predicted to remain a vital driving factor of the medical
oxygen concentrators market. Supportive initiatives of the government in
respect to the utilization of portable oxygen concentrators are also
anticipated to steer the sales of the market.
COPD alliance in
Europe is also estimated to positively affect the medical oxygen concentrators
market through the forecast period.
Categories
The various
categories into which the medical oxygen concentrators market is divided are
products, technologies, applications and geographical regions. The products
under the market are fixed medical oxygen concentrators and portable medical
oxygen concentrators. The technologies market consists of continuous flow
technology and pulse dose technology.
The medical oxygen
concentrators market, in view of applications, is segmented on the basis of
non-home care services and home care services. The geographies market includes
the regions of Asia Pacific, rest of the world, Europe and North America.
Leaders
The products medical
oxygen concentrators market was dominated by portable medical oxygen
concentrators in 2014. These concentrators occupied more than 50 percent of the
worldwide income. This income was attributed to growing demand for portable and
lightweight concentrators at different places. Fixed medical oxygen
concentrators are estimated to experience a stable growth of about 10 percent
during the forecast period.
The technologies
medical oxygen concentrators market noticed high infiltration from pulse dose
technology in 2014. This was due to rising incidences of COPD and respiratory
illnesses. Continuous flow technology, alternatively, occupied the biggest
share.
The applications
medical oxygen concentrators market was dominated by home care services in
2014. Home care services captured a share of more than 50 percent. This was
owing to rising demand for home healthcare. Non-home care services are mostly
utilized in hospitals and healthcare centers.
The geographies
market was dominated by North America in 2014. Asia Pacific is the most
profitable medical oxygen concentrators market during the forecast phase.
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